Six Flags Announces CFO Transition
February 28 2022 - 4:05PM
Business Wire
Six Flags Entertainment Corporation (NYSE: SIX), the world’s
largest regional theme park company and the largest operator of
waterparks in North America, today announced that Sandeep Reddy,
Executive Vice President and Chief Financial Officer, has notified
the company that he has accepted a position at another company and
plans to resign from Six Flags effective March 27, 2022. Stephen
Purtell will assume the role of interim chief financial officer
effective upon Mr. Reddy’s departure.
Mr. Purtell currently serves as the Company’s Senior Vice
President, Corporate Communications, Investor Relations and
Treasurer. He previously served as Senior Vice President, Investor
Relations, Treasury and Strategy since December 2020. From October
2016 to December 2020, Mr. Purtell was Senior Vice President,
Investor Relations and Treasurer, and from July 2012 to October
2016, Mr. Purtell was Vice President, Business Development and
Treasurer. Prior to joining Six Flags, Mr. Purtell served as VP,
Sales Operations and Market Research for Siemens Healthcare
Diagnostics after it acquired Dade Behring in 2007. Mr. Purtell
joined Dade Behring in 2003 and held financial positions including
Assistant Treasurer, VP Corporate Planning and Analysis, and
Treasurer. Prior to joining Dade Behring, Mr. Purtell held
financial and engineering positions at IMC Global and GATX
Terminals Corporation, and was an officer in the U.S. Army. Mr.
Purtell has a B.S. in Civil Engineering from the U.S. Military
Academy at West Point and an M.B.A. from the Wharton School of the
University of Pennsylvania.
“On behalf of the Board of Directors and the Six Flags team, I
want to express my sincere gratitude to Sandeep for his dedicated
leadership and tireless service to Six Flags,” said Selim Bassoul,
President and CEO. “He has played a major role to help position the
company for accelerated growth coming out of the pandemic. We wish
him the very best as he embarks on his next career
opportunity.”
“It has been a privilege to have served alongside the talented
Six Flags team, especially during such an unprecedented time in the
company’s history,” said Reddy. “I have complete confidence that
under Selim’s leadership Six Flags will unleash its growth
potential and generate significant value for its stakeholders in
2022 and beyond. I am committed to ensuring a smooth transition,
and trust that the finance team will continue their excellent work
being terrific business partners to the rest of the
organization.”
The Board of Directors will immediately engage a search firm to
conduct a search process, including internal and external
candidates, to identify the next Chief Financial Officer of Six
Flags.
About Six Flags Entertainment
Corporation
Six Flags Entertainment Corporation is the world’s largest
regional theme park company with 27 parks across the United States,
Mexico and Canada. For 60 years, Six Flags has entertained hundreds
of millions of guests with world-class coasters, themed rides,
thrilling waterparks and unique attractions. Six Flags is committed
to creating an inclusive environment that fully embraces the
diversity of our team members and guests. For more information,
visit www.sixflags.com.
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Stephen Purtell Senior Vice President Corporate Communications,
Investor Relations and Treasurer +1-972-595-5180
investors@sftp.com
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